Solar Panel Costs Near Ely, MN (55731)
Opportunity Score
49
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55731 is an rural area. with a population of 5,292 and household incomes near the national median ($62,900). There are 3 solar installers operations in ZIP 55731.
Area Profile
5,292
Population
$62,900
Median Income
-16% vs. national
Rural
Area Type
Median Age: 59.8 —
older demographic, may prefer sit-down options.
College-Educated: 33.3% —
balanced market for quality & value.
Competition
Solar Installers and related businesses in ZIP 55731.
3
Solar Installers
Low competition — room to establish
5.7 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$641
Median Gross Rent
$200 K
Median Home Value
3
Bank Branches
$150 K deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Rural
- Solar Installers
- 3
- Bank Branches
- 3
vs. National Average
Median Income
-16% vs. $74,580
Nearby Markets
Check Another Market
Or estimate costs with the SolarBreakeven calculator.
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits